IDeaS G3 Revenue Management System

The IDeaS G3 Revenue Management System is a solution designed to meet the revenue management needs of the hospitality industry, especially hotels. According to the vendor, this system caters to hotels of all sizes, from small independent properties to large hotel chains. It is utilized by revenue managers, general managers, corporate executives, and professionals in the hospitality industry, including hotel chains.

Key Features

Scientific Pricing Decisions: The IDeaS G3 Revenue Management System is designed to deliver scientific pricing decisions at the room type and rate code level, aiming to optimize revenue performance.

Accurate Forecasts: According to the vendor, the system uses powerful analytics to analyze relevant hotel and market data, aiming to provide accurate forecasts of business demand. This enables revenue managers to make informed decisions when booking guests and determining rates.

Interactive and Automated Pricing: The system offers interactive and automated pricing decisions, allowing revenue managers to maximize Revenue per Available Room (RevPAR) across available demand and room-type upgrades.

Optimized Business Mix: IDeaS G3 RMS optimizes the business mix by managing product availability based on value, helping to drive performance for shoulder nights and room types.

Continual Re-Optimization: According to the vendor, the system continually re-optimizes controls using insights into demand, cancellation and no-show patterns, price sensitivity, and market behavior.

Competitor Rate Analysis: IDeaS PS automatically analyzes competitors' rates and determines accurate price points that can drive bookings.

Drill-Down Analysis: The system provides drill-down analysis from the overall hotel level to market segment level, offering insights into key performance statistics.

Enhanced Forecasting and Reporting: IDeaS FMS is described as an affordable and user-friendly solution that enhances forecasting and reporting capabilities. It incorporates detailed information on recent trends, special events, and past data.

Easy Comparison of Performance: According to the vendor, users can easily compare hotel performance against goals through a snapshot that shows trends, forecasting, booking pace, and more.

Custom and Standard Reporting: The system offers both custom and standard reporting features, providing quick access to reports from anywhere at any time.